DeFi lending TVL nears $60B amid institutional growth

DeFi lending protocols have surged to nearly $60 billion in total value locked, driven by institutional adoption and integration into consumer apps, according to Artemis and Vaults.fyi cited by CoinDesk. This 60% year-over-year growth includes tokenized real-world assets like U.S. Treasuries and increased participation from crypto-native asset managers, who now oversee over $4 billion.